Portland Real Estate in March: Sales Up 8% YoY, Inventory Down 54% YoY

Note: I’m tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.

For Portland, OR:

Closed sales in March 2021 were 2,556, up 8.5% from 2,356 in March 2020.

Active Listings in March 2021 were 1,943, down 53.9% from 4,218 in March 2020.

Months of Supply was 0.8 Months in March 2021, compared to 1.8 Months in March 2020.